XRP Price Hinges on Key Pivot Point Ahead of September Regulatory Decision
The price of XRP has stabilized at around $1.40-$1.45 after a period of rapid growth that saw it briefly touch $1.70.
According to technical indicators and on-chain data, large holders, or 'whales,' may view this price zone as a critical threshold for launching the second stage of accumulation ahead of the regulatory developments expected on Sept. 15.
The $1.25 mark is emerging as a key pivot point in the current cycle, serving as both support and resistance on the weekly XRP chart.
Major players are waiting for discounts before making their next move, while the US Senate prepares to hold a critical procedural vote on the CLARITY Act, which aims to define the legal status of digital assets and divide regulatory authority between the SEC and CFTC.